502VK1-020 e-file error

Error message

502VK1-020: If Form 502 is filed, Form 502 Schedule VK-1 Part III, Line 10 (Pass-Through Entity Elective Tax Credit) must not be populated. This credit only applies to 502PTET.

Solution 1: Review and correct the K-1 aggregation file

Go to
Organizer
States
Virginia
E-file
Attachments
K-1 Aggregation
.
Open and review the VA K-1 aggregation file.
Find any PTE credit fields that contain
0
.
note
For example:
<PteElectiveTaxPayment>0</PteElectiveTaxPayment>
or
<ShareTotOfTaxableIncm>0</ShareTotOfTaxableIncm>
.
Remove the
0
value so the field is empty or blank.
Save the corrected aggregation file.
Re-attach the corrected K-1 aggregation file.
Do a full recompute, then recreate the e-file.

Solution 2: Clear the override on schedule VK-1

Go to
Tax Forms
States
Virginia
Schedule VK-1
[Partner Name]
Schedule VK-1, Page 2
.
Clear any override on
Part III, Line 10
for individual partners.
Do a full recompute, then recreate the e-file.